The shift to more-lucrative light trucks, plus strong sales in other global markets -- especially China -- offset worries about the drop in U.S. car volume, major suppliers told Wall Street analysts at a conference in New York.
"Net-net, although was have seen some incremental softening in North America, we see opportunities, green sprouts, in Europe and in China," Kevin Clark, CEO of Delphi Automotive, said Wednesday at the J.P. Morgan Auto Conference.
Clark said he expects North American light-vehicle production to decline about 2 percent points this year, down from an earlier forecast of virtually flat production. "What's changed?" he asked. "Softer production on passenger cars with the North American OEs."